The aim of this research was to identify and evaluate the real options for growth and of a regulatory nature in the investment projects of fixed-line fibre optic networks by an incumbent operator. This valuation exercise was undertaken for the Spanish market. The work is divided into five...

The Telecommunications Act of 1996 invites entry in the local telecommunications networks whereby entrants will lease parts of the network ("unbundled network elements") from incumbents "at cost plus reasonable profit." A crucial question in the implementation of the Act is the appropriate...